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Australian Senators pushing for country to become the next crypto hub -Breaking


Entrepreneurs have always questioned the legitimacy of top-down government responses to innovation. Many crypto-related companies want more regulatory clarity as decentralized finance (DeFi), institutional investments continue to flow in, and the products and use cases for Decentralized Finance (DeFi), have been flourishing over the last 18 months.

In 2019, the original Australian Senate Select Committee on FinTech & RegTech was created by Senator Andrew Bragg to improve Australia’s regulatory environment. The Bragg Inquiry would soon be named after it and it is now focused mainly on crypto. Generally not regarded for its regulatory progress, Australia’s quick pivot to researching and proposing helpful rules for the crypto industry has surprised many.

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